Wadi Makkah

Wadi Makkah, established in 2012 and fully owned by Umm Al Qura University, aims to foster a knowledge-based economy in Saudi Arabia with a capital of 100 million riyals. The company focuses on creating partnerships between educational institutions and the business community to promote technology localization and development. It strives to provide a supportive environment for local and international research and development centers, enhancing collaboration with the university and fostering the commercialization of research and innovation. Wadi Makkah has two primary objectives: managing and commercializing university innovations and establishing Makkah Techno Valley, a dedicated Science and Technology Park within the university. The firm primarily invests in sectors such as information technology, media, and real estate.

Faisal Al-Allaf

CEO

Past deals in Saudi Arabia

DentaCarts

Seed Round in 2019
DentaCarts is an online dental marketplace based in Nasr City, Egypt, that connects dentists with vendors across the Middle East and North Africa. Founded in 2017, the company focuses on revolutionizing the procurement and supply chain processes in the dental sector. It offers a wide range of products, including restorative, endodontics, prosthetics, periodontal, surgical items, implants, orthodontics, consumables, instruments, and dental lab services. DentaCarts operates a B2B e-commerce platform that features over 30,000 listed products and collaborates with more than 150 agents and suppliers, serving over 3,000 dental businesses in Egypt, Saudi Arabia, and Germany. The company leverages advanced technologies, including artificial intelligence and Internet of Things solutions, to streamline order management and automate supply chain processes, aiming to lead the dental supplies market in the region through its innovative digital solutions.

Hazen.ai

Seed Round in 2019
Hazen.ai is a company based in Mecca, Saudi Arabia, that specializes in developing artificial intelligence-driven traffic enforcement software. Founded in 2017, Hazen.ai creates advanced traffic camera systems that utilize computer vision and deep learning algorithms to monitor and analyze traffic violations. Their products, including a traffic violations monitor and a traffic spot and turn counter, are designed to identify dangerous driving behaviors by processing video footage. By providing enforcement organizations with accurate data and analytics, Hazen.ai aims to enhance road safety and assist in the efficient management of traffic violations.

Saryah

Seed Round in 2019
Saryah is an online platform that aids tourists in planning their vacations by offering access to a range of qualified freelance tour guides and tourism companies. Focused on enhancing the travel experience in Saudi Arabia, Saryah provides detailed insights into prominent religious, historical, and tourist sites within the region. The platform not only facilitates the discovery of local guides but also compiles valuable data on various points of interest, allowing users to explore free tours and trails with accurate map locations. This comprehensive approach ensures that both tourists and residents can enjoy enriched travel experiences supported by local expertise.

Lucidya

Pre Seed Round in 2015
Lucidya, LLC is a software as a service (SaaS) company specializing in social media monitoring and analytics. Founded in 2015 and headquartered in Jeddah, Saudi Arabia, Lucidya offers a platform that enables organizations to detect and analyze social media trends, track hashtags, and access brand statistics through an interactive dashboard. It provides features such as real-time alerts, automated reporting, competitive analysis, and benchmarking. The company's unique AI and Arabic natural language processing technologies allow for accurate analysis of interactions in the Arabic language, positioning it as a leading tool in the MENA region. Lucidya serves a diverse clientele, including agencies, brands, non-profit organizations, and media entities, and has expanded its reach beyond Saudi Arabia to over six countries, catering to various industries such as telecommunications, banking, automotive, and retail.
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